A third of marriages end in divorce*. Relationship breakdown is an emotionally difficult time, that can have a significant financial impact as well, This impact can continue well into later life. For example, households with men and women aged 55–64 years who haven't divorced earn around $10,000 a year more than those households headed by divorcees**of the same age.
If you’ve hit 40 and still don’t have your financial affairs in order, it’s never too late to do something about it. We Talk Money’s Tony Sandercock offers advice for getting on track.
This blog was originally posted in "Slice of Life".
Life in your 20s can be a whirlwind as you try to find your feet in the world. Our checklist of important things to consider can help you orientate yourself.
This article originally appeared in the "Slice Of Life".
Australians own around 18 million life insurance policies. In total, we spend $55 billion in premiums providing $6.4 trillion worth of coverage. That's a lot of life insurance.
And you know what?
Life insurance is one of the most complex financial products that you will ever buy. For starters, it’s rarely just Life Insurance. Most of the time, in addition to the death coverage, your Life Insurance policy will include total and permanent disability insurance. Some of the time it will even include protection against suffering a major health trauma, like a heart attack or stroke.
Look at each of these photos for a few seconds. What do you see?
Most newlyweds spend more time picking out their wedding cake than they do talking about how they'll handle money. But understanding where your new spouse stands on key financial issues can not only strengthen your financial situation, it can also help your marriage. Here are a few areas to get you started.